Analysis

  • Rate of decline in used car
    finance outpaced that of new car finance, continuing the trend
    identified in March.
  • Value of advances in used and
    new categories now almost equal after March’s new plate
    boom.
  • Business purchases on finance
    plunged in April, despite SMMT stats showing overall fleet and
    business registrations being up significantly
    year-on-year.
  • 12 month moving total still up for consumer finance
    purchases in both new and used sectors.

Table showing cars bought on finanve through dealerships and by business

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